Adani Ports and Special Economic Zone Ltd (APSEZ) has said that its board has approved raising $500 million (over Rs 3,400 crore) by issuing foreign currency denominated bonds.
“The finance committee of the company has approved issuance of fixed rate senior unsecured notes aggregating to $500 million and has approved the pricing, tenor and other terms,” APSEZ said in a BSE filing.
The $500 million issue will mature on 19 January 2022 and interest rate on the notes is payable at 3.95 per cent semi-annually.
Earlier, APSEZ had said it is contemplating issuing foreign currency denominated bonds. It is the country’s largest ports developer and operator.